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Targets ₹4,000 crore corpus for startups

The Uttar Pradesh (UP) government is planning to create a corpus of almost ₹4,000 crore to promote startups and enrich the market innovation ecosystem in the state.

FISME Proposes Measures to Address Protectionist Policies

Amid the recent HSBC India Manufacturing Purchasing Manager's Index (PMI) report indicating a concerning 12-month low in manufacturing activity, the Federation of Indian Micro and Small & Medium Enterprises (FISME) has urged the government to take immediate action to mitigate the impact of rising protectionist measures on the sector.

Securitisation volume of banks tops ₹68K cr in Q3

ICRA estimates say private sector banks account for ₹25,000 cr, NBFCs for remaining ₹43,000 cr

Loan growth of banks in Dec qtr picks up pace

Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at ₹11.65 trillion, while advances increased 11.76 per cent Y-o-Y at ₹9.63 trillion, outpacing deposit growth during the period.

BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn

Resilient Innovations, the parent company of BharatPe, is scouting for investors to sell up to 25 percent of its 49 percent stake in Unity Small Finance Bank (Unity SFB).

13 States and UTs Tagged 'Achievers' in Logistics Survey

Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu, and Delhi are among the 13 states and Union Territories that have been categorized as \"achievers\" in the logistics index chart 2024, according to the sixth LEADS (Logistics Ease Across Different States) 2024 report released on Friday.

Rupee at record low of 85.79 against dollar

Change in 1st 3 sessions lowest in 5 yrs

DFS Launches Baanknet to Streamline PSB Asset Auctions

Department of Financial Services (DFS) secretary M Nagaraju on Friday launched a revamped e-auction portal 'Baanknet' in Delhi.

Manufacturing sees fall in productivity

ASUSE survey says sector recorded highest growth in emoluments per hired worker

67% of major forest fires in 2023-24 doused within 24 hrs

In the November 2023-June 2024 forest fire season, 67 per cent of major fires in India were extinguished within 24 hours, according to data from the Ministry of Environment, Forest, and Climate Change (MoEFCC).

Gas for LPG set to be diverted to city retailers

The Petroleum and Natural Gas Ministry has asked GAIL and ONGC to divert 1.27 million metric standard cubic meters per day (MMSCMD) of natural gas to city gas distribution (CGD) firms.

Rural poverty ratio fell below 5% in FY24, a first

SBI Research study attributes decline to consumption growth, infra boost

Western Carriers bags ₹139 crore Vedanta order

Western Carriers India Ltd (WCIL), a Kolkata-based logistics firm, has secured a material handling order worth ₹139 crore from Vedanta Ltd, the company said on Wednesday.

Meity Sets 2030 Electronics Production Target at $500 Billion

The government, under the aegis of the Ministry of Electronics and Information Technology (Meity), has taken on board Indian Cellular and Electronics Association (ICEA) and consultancy firm Bain & Company to finalize a detailed strategy report for the country to hit an ambitious production value of $500 billion in electronics by 2030.

Premium Devices Demand to Push Smartphone Market to $50 Billion This Year

Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over $50 billion (about ₹4.28 trillion) this year, market research firm Counterpoint Technology Market Research said on Friday.

Sold small portion of shares for personal reasons: Pitti

Co-founder of EaseMyTrip Nishant Pitti (pictured) on Friday said he sold a \"small portion\" of the promoter shares held by him for \"personal reasons\", days after the company announced his resignation as CEO.

Seven Billionaire Founders Rode India's IPO Boom in 2024

A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country's booming renewable energy sector.

Govt Teams Up With Startup Policy Forum

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with the Startup Policy Forum (SPF).

Adani Group's US SEC, NY cases assigned to one judge for efficiency

The civil and criminal cases against the Adani Group, pursued by the US Securities and Exchange Commission (SEC) and the Eastern District of New York, have not been \"combined.\"

Paytm's Ebitda Likely to Break Even This Quarter

Brokerages expect improved contribution of financial services into revenue pie

Pharma firms seek booster shot to PLI

The pharmaceutical sector has rolled out a robust wish list for the upcoming Budget, with import duty exemptions, simplification of tax procedures, and strengthening of the production-linked incentive (PLI) scheme among major demands.

Investors Betting Big on Higher-Risk Equity Funds

Nearly one in two equity mutual fund (MF) accounts, or folios, are now in the three riskiest categories—sectoral and thematic, smallcap, and midcap funds—thanks to the growing penetration of online investment platforms and investors' preference for top-performing funds.

Dabur expects muted revenue growth in Q3...

...but Marico upbeat on top line growth

Govt releases DPDP Rules without any penal clause

The government has released the long-awaited draft of Digital Personal Data Protection Rules, which do not mention any penal action for violations.

Centre pushes transfer to states to meet capex goals

Capital expenditure (capex) in the country in November declined 9 per cent over the previous month amid expectations that it would intensify in the second half this financial year.

No fresh subsidy required for EV ecosystem: Goyal

Commerce and Industry Minister Piyush Goyal on Friday said there was no need for fresh subsidies or incentives for the electric vehicle (EV) ecosystem.

HUL in talks to buy skincare brand Minimalist for ₹3K cr

The text 'Maker of Pond's products may ink deal with Peak XV-backed startup in Q4' is the drophead but was missed in extraction

Framework for gig workers set for June launch

To provide welfare and social security net to millions of gig and platform workers, the labour ministry is considering launching a \"framework for social security coverage\" by June this year, senior government officials told Business Standard.

White-collar hiring up 9% in Dec: Report

According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.

Missing Women in South Indian Film Leadership

The South Indian film industry lags Bollywood and other non-South Indian language cinemas in terms of women serving as heads of departments (HoDs) in various stages of filmmaking and streaming series production, according to a recently released report.